Analysts predict that Wageworks Inc (NYSE:WAGE) will post sales of $125.93 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Wageworks’ earnings. The highest sales estimate is $128.51 million and the lowest is $122.27 million. Wageworks reported sales of $126.64 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.6%. The firm is expected to issue its next earnings report on Monday, March 16th.

On average, analysts expect that Wageworks will report full-year sales of $477.10 million for the current financial year, with estimates ranging from $475.61 million to $478.10 million. For the next year, analysts expect that the firm will report sales of $495.61 million, with estimates ranging from $483.76 million to $501.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Wageworks.

Wageworks (NYSE:WAGE) last issued its quarterly earnings results on Monday, March 18th. The business services provider reported $0.23 EPS for the quarter. Wageworks had a return on equity of 5.16% and a net margin of 6.96%. The firm had revenue of $118.08 million during the quarter.

Several research analysts recently commented on WAGE shares. Zacks Investment Research cut Wageworks from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. JMP Securities increased their price target on Wageworks from $43.00 to $60.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. SunTrust Banks increased their price target on Wageworks to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Co raised Wageworks from a “market perform” rating to an “outperform” rating and increased their price target for the company from $45.00 to $65.00 in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Wageworks currently has a consensus rating of “Hold” and an average target price of $57.75.

Shares of NYSE WAGE opened at $50.02 on Friday. Wageworks has a 52 week low of $25.15 and a 52 week high of $56.80. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.93 billion, a P/E ratio of 59.26 and a beta of 1.67.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP raised its stake in Wageworks by 51.2% in the fourth quarter. Royce & Associates LP now owns 992 shares of the business services provider’s stock valued at $27,000 after buying an additional 336 shares during the period. Pearl River Capital LLC bought a new stake in Wageworks in the fourth quarter valued at approximately $46,000. We Are One Seven LLC bought a new stake in Wageworks in the fourth quarter valued at approximately $55,000. Quantamental Technologies LLC bought a new stake in Wageworks in the fourth quarter valued at approximately $59,000. Finally, Sun Life Financial INC bought a new stake in Wageworks in the fourth quarter valued at approximately $183,000.

About Wageworks

WageWorks, Inc is a leader in administering Consumer-Directed Benefits (CDBs). WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits.

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